April 3 News: On April 3, Lihuayi Weiyuan Chemical Co., Ltd. raised the listed price of phenol by 200 yuan to 9,700 yuan/ton, effective from April 3. The company's two phenol-ketone units, with a combined annual capacity of 700,000 tons, are operating normally, shipping according to plan, and inventory is low.
Chempricehub Analysis:
Phenol, Bull-Bear Score: 1.5
The article reports that Lihuayi Weiyuan Chemical has raised the listed price of phenol by 200 yuan/ton to 9,700 yuan/ton. The company's units are operating normally, but inventory is low, indicating tight supply and stable demand, which directly benefits the spot price of phenol. The significant price increase reflects bullish market sentiment, supporting the upward trend in spot prices.
Bisphenol A, Bull-Bear Score: 1
As the primary raw material for bisphenol A production, the rise in phenol prices will increase the production cost of bisphenol A. With stable downstream demand for bisphenol A, the cost-push effect may support the spot price of bisphenol A, benefiting market conditions.
Comments
0